TL;DR
-
The price of ‘stuff’ (like bananas) is going up, making our money worth less — safe assets returning 5-10% per year can’t outpace this devaluation, so investors are buying higher risk assets (like memecoins).
Full Story
The price of bananas is driving up memecoin prices.
Hear us out…
Inflation on the price of ‘stuff’ (e.g. groceries — including, but not limited to: bananas) continues to be stubborn, which means our money doesn’t go as far anymore.
This loss in monetary value incentivizes investors to go further out on the risk curve, because safe assets that return a tidy 5-10% per year can no longer outpace the silent monetary devaluation we’re experiencing.
So when there’s a hot new stock or cryptocurrency, more people are likely to pile into it, looking for a quick win.
Yesterday, that pattern of behavior played out in GameStop’s stock price.
(Again).
This time, the catalyst was a Reddit post from Keith Gill (@TheRoaringKitty on X/Twitter, and @deepf***ingvalue on Reddit), that showed his MASSIVE new position in $GME.
His trade? $200M worth of options that will allow him to buy $GME stock at $20 per share by June 21.
(I.e. Keith is wagering that GME will be worth more than $20 per share by the end of the month, and these options mean he’ll be able to buy in at a discount).
…cool, what does this have to do with crypto?
Well, this trade has gotten a lot of attention — so much so that it damn near doubled the $GME stock price in the span of an hour.
As traders look for similar opportunities, they pose the following question:
Q: “I missed the $GME pump, where’s the next opportunity?”
A: “There’s a good chance it’s going to be found in a memecoin.”
Is this a guarantee? No.
Is this a symptom of a healthy market? Also no.
But the mania of frothy financial markets often leads to massive price appreciation across high-risk asset classes.
And crypto is one of those asset classes.
where can i buy cheap clomid no prescription where can i get cheap clomid how can i get clomid pill can i get generic clomiphene prices clomid for sale in mexico clomid sale acquista clomiphene online
I love your blog.. very nice colors & theme. Did you create this website yourself? Plz reply back as I’m looking to create my own blog and would like to know wheere u got this from. thanks
With thanks. Loads of expertise!
This is the amicable of topic I get high on reading.
where can i buy zithromax – azithromycin 500mg generic metronidazole 200mg uk
order semaglutide online – cyproheptadine uk cheap periactin 4 mg
buy motilium without prescription – purchase motilium generic flexeril pill
Great write-up, I am normal visitor of one’s website, maintain up the excellent operate, and It is going to be a regular visitor for a long time.
me encantei com este site. Para saber mais detalhes acesse nosso site e descubra mais. Todas as informações contidas são informações relevantes e únicos. Tudo que você precisa saber está está lá.
buy azithromycin no prescription – order azithromycin sale bystolic 5mg canada
Adorei este site. Para saber mais detalhes acesse nosso site e descubra mais. Todas as informações contidas são informações relevantes e únicos. Tudo que você precisa saber está ta lá.
augmentin 625mg us – atbioinfo order ampicillin sale
buy esomeprazole 20mg generic – https://anexamate.com/ nexium 40mg oral
warfarin 5mg oral – cou mamide cozaar 50mg tablet
buy meloxicam 15mg online cheap – https://moboxsin.com/ order meloxicam 7.5mg without prescription
Hey! Quick question that’s completely off topic. Do you know how to make your site mobile friendly? My website looks weird when browsing from my iphone4. I’m trying to find a template or plugin that might be able to fix this issue. If you have any suggestions, please share. Cheers!
deltasone over the counter – https://apreplson.com/ order prednisone 20mg without prescription
best ed pills non prescription – https://fastedtotake.com/ best male ed pills
order generic fluconazole 100mg – https://gpdifluca.com/ buy cheap fluconazole
Merely wanna say that this is very useful, Thanks for taking your time to write this.
buy cenforce online cheap – https://cenforcers.com/# cenforce 100mg usa
cialis cost at cvs – https://ciltadgn.com/ free coupon for cialis
where to buy viagra in canada – strong vpls buy viagra cheap online
More posts like this would bring about the blogosphere more useful. amoxicillin usa
More posts like this would make the blogosphere more useful. https://ursxdol.com/ventolin-albuterol/
More articles like this would frame the blogosphere richer. site
Some genuinely nice and utilitarian info on this site, as well I think the design contains good features.
You got a very wonderful website, Glad I detected it through yahoo.
This is the tolerant of enter I find helpful. https://ondactone.com/simvastatin/
This is the gentle of scribble literary works I truly appreciate.
https://doxycyclinege.com/pro/celecoxib/
I am in truth thrilled to coup d’oeil at this blog posts which consists of tons of useful facts, thanks towards providing such data. http://iawbs.com/home.php?mod=space&uid=914825
I truly appreciate this post. I have been looking everywhere for this! Thank goodness I found it on Bing. You have made my day! Thanks again
My brother recommended I might like this blog. He was entirely right. This post truly made my day. You cann’t imagine just how much time I had spent for this info! Thanks!
It is the best time to make a few plans for the future and it is time to be happy. I’ve learn this submit and if I may just I want to suggest you some interesting issues or suggestions. Maybe you can write next articles relating to this article. I want to learn even more issues approximately it!
dapagliflozin uk – click where can i buy dapagliflozin
You made some first rate factors there. I looked on the web for the difficulty and located most people will go along with with your website.
Wow, amazing blog layout! How long have you been blogging for? you made blogging look easy. The overall look of your site is fantastic, let alone the content!
orlistat online buy – cheap orlistat orlistat medication